The Balancer Report
Unveiling Ecosystem Updates, Key Metrics, Governance Proposals, and More!
Embark on a journey through the latest developments in the Balancer ecosystem as we delve into essential data such as Total Value Locked (TVL), Swap Fees, and Volume. Discover the pulse of governance with insights into proposals shaping the future. Join us as we unpack the week’s highlights and insights!
Now let’s explore the latest ecosystem news:
Balancer introduces its ZEN state with a new UI/UX and refreshed brand, emphasizing simplicity, smoothness, and sophistication. Their design philosophy ensures seamless, intuitive, and accessible experiences. As a DeFi protocol, Balancer simplifies AMM development for developers and empowers liquidity providers with a comprehensive DEX product suite. The platform accelerates AMM market launches, offers extensive AMM products, and integrates next-gen features such as chain-agnostic DEX, multi-version readiness, and partner AMMs in the UI. Experience the ease of AMMs and the tranquility of DeFi with Balancer.
A new $ARB boosted $wstETH LST liquidity pool has launched on Arbitrum, featuring asymmetric concentrated liquidity tailored for critical $wstETH price ranges. This pool uses GyroStable’s E-CLP technology for optimal capital efficiency, focusing liquidity around crucial swap volumes. It has achieved a 24-hour utilization rate of up to 186%, far above the average 10%. The pool also benefits from $ARB incentives from Balancer, Lido Finance, and qualifies for GyroStable SPIN points. This setup provides users with a highly efficient way to boost their liquidity on Arbitrum.
Kelp DAO announced new rewards on the mainnet. They encourage users to check out the $rsETH <> $WETH pool on Balancer and add liquidity to receive enhanced incentives, including 2x Kelp Miles, 1x EigenLayer Points, and $10k USDT in additional incentives.
ParaSwap now supports swap routing through Gyro Rehype pools on Arbitrum, with more integrations coming soon. This includes routes involving Aave token wraps, such as USDC<>Aave USDC<>GYD. Users can seamlessly swap large amounts of USDC<>GYD and USDC<>GHO while liquidity providers benefit from multi-yields.
Balancer is leading the restaking revolution with innovative partners like Symbiotic and Mellow Protocol, ecosystem points, and multi-token technology. The new LRT 5 pool on Balancer highlights these advancements. Symbiotic offers flexibility and neutrality with immutable contracts and a multi-asset design. Mellow Protocol, integral to Symbiotic, allows permissionless LRT curation, tailored vaults, dynamic strategy adjustments, and seamless integration. Both platforms use a points system to incentivize adoption, with the Balancer LP receiving a 3x points boost. This novel 5-token LP utilizes Balancer’s yield-bearing, multi-token infrastructure, offering dynamic LRT management and flexible restaking. Dive into the Symbiotic and Mellow Protocol ecosystem today.
The H1 2024 review of the Balancer treasury, managed by karpatkey, is now available on the Balancer forum. The report outlines significant achievements and future plans. Initially focused on yield generation, risk management, and reporting, karpatkey’s role has expanded to include financial services, business development, product development, and governance support. Key achievements include $265,741 in accumulated net revenue and a 4.37% net average APY. As of June 2024, the treasury manages $8.24M in non-custodial assets with 98.6% capital utilization. Highlights from the H1 report include reducing operational risk with the Agile Execution App, finalizing a strategic partnership with CoWSwap for CoWAMM pools, and assisting the DAO with financial reporting.
As is always the case, HiddenHand incentives can be explored here, the current round ends on July 24, 2024. And to date it has the following details:
- Total Votes: 4,848,293
- Total Rewards: USD 52,124.71
- Emission $/10k Votes: USD 573.1040
- Incentive $/ 10k Votes: USD 107.5115
Balancer: TVL and Stats — Defilytica
Balancer’s Total TVL across all networks is sitting at $866,07m.
The Total Mainnet TVL is $641,75m with a dominance of 74,09%.
Speaking of protocol volume metrics, in this last week we were able to see a cumulative volume of $400,09m.
As for protocol fee metrics, we can verify cumulative fees of $132,33k.
As for our liquid wrappers, they are under the following parity to veBAL:
This section will list the top three expected pools to receive most of the next period’s emissions. Voting is open for four more days, and the next period is scheduled to start on Thursday at 00:00 am UTC.
- Mainnet — WETH / ezETH — currently at 11.99%.
- Mainnet — WETH / rETH — currently at 10.65%
- Base — GOLD / WETH / USDC — currently at 4.34%.
This week there are 2 active proposals on Snapshot including the following:
- [BIP-662] Enable Gauge for ShezETH/wstETH [Ethereum]
- [BIP-663] Enable wUSDM/GYD E-CLP gauge [Arbitrum]
This week Dubstard shares another set of security tips that will help you stay safe:
- Do not open any links sent to you in DMs from any one pretending to be a “mod”, “admin” “staff member” and etc.
- Do not message anybody offering help if you DMs them first, those are scammers.
- Remember, Balancer operates primarily under the following domain: https://balancer.fi/
- Never share private keys, seed phases with anyone.
- Remember, there is NO AIRDROP!
- There is no such thing as “Node RPC fix”, “Encrypt Wallet”, “Node Sync”, “Wallet Synchronization”, “Rectification”, “Remediation”, “Fee Reduction”, “NFT sync”, “Synchronize wallet” and so on. All those are fake sites and imaginary “tech” sounding reasons to bait users to visit the bogus sites.
- Avoid using your main wallet for participating in airdrops, especially if they are promising very high awards. Do not sign BPT (Balancer Pool Token) approvals willy-nilly. Sign only if you know what you are doing. Do not sign approval, transfer and permit transactions willy-nilly. Always double check everything.
Balancer has a flourishing ecosystem. You’re welcome to contribute to it whether you’re a dev, a community person, or a graphic designer! We strive toward onboarding every new member in a smooth and personalized way.
Join the Ballers and start your Balancer journey now: http://discord.balancer.fi/
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This article is for informational and educational purposes only. It should not be construed as investment or trading advice or a solicitation or recommendation to buy, sell, or hold any digital assets. Transactions on the blockchain are speculative. Carefully consider and accept all risks before taking action.
